EXHIBIT 10.26
WORK ORDER
This Work Order dated August 22
th , 2005, is an integral part of the Development
Agreement between Contractor and COMPANY dated September 1,
2004.
Contractor is hereby authorized
to perform work as set forth below in accordance with this Work
Order and the Development Agreement.
1. Description of software to be developed by
Contractor:
As per our discussions and your
faxes Magpie will create a * server with the following
attributes:
*
2. Description of where services wil! be
provided: Services will primarily be provided at Contractor
facility in Denver, Colorado and on-site at COMPANY'S facility in
New Jersey and Lucent Technologies site in New Jersey.
3. Dates Service will be provided: We will
get started next week on 8/29/2005, as soon as you issue us the
purchase order.
4 Rate of compensation and/or charges for
service: The total is $ *.
Any significant changes in
features or functionality outlined above may affect the quoted
price and delivery time. Once a contract is in place, any changes
to the requirements/deliverables will require a signed deviation
order and may require additional price negotiation.
5. Payment Schedule:
Fifty percent (50%) of the charge
for service is due and payable upon acceptance of the proposal and
signature of this Work Order. The remaining fifty percent (50%)
will be due when the software has passed the acceptance test by
COMPANY.
6. Late Payments:
Accounts which are past due
(days) will be subject to a monthly charge of one and one-half
percent (1.5%) per month or the maximum rate permitted by the law,
whichever is less..
7. Delivery and Acceptance:
One set of custom executable
software will be delivered for acceptance testing. This set of
custom software will be installed on one system that COMPANY will
specify for use during acceptance testing and final acceptance,
which sh
